Nigerian Government to exploit gold in the country

Asma’u Halilu, Kaduna

Minister for Solid Minerals Development, Mr. Kayode Fayemi, says the Federal Government would work with states in Nigeria’s Gold belt to fully tap the resources for maximum economic gains.

He made the commitment in a remark at the Kaduna State Economic and Investment Summit, which held in Kaduna, Northwest Nigeria.

The Minister said states under the corridor, needed to exploit all opportunities to get involved in mining and exploration business for the benefit of the people.

He stressed that the diversification of Nigeria’s economy was on course, adding that the government would not relent until it ensured the exploitation of major resources in the country.

While speaking on the summit, the Minister commended Governor Nasiru El-Rufai for the initiative, saying such effort was critical to changing the orientation of governments at all level in the task of opening up new opportunities for development.

“Kaduna is leading the resource corridor in the North West. It goes right from Kebbi, Sokoto, Zamfara, Kaduna; that is the Gold belt of Nigeria, right down to Osun,” he explained.

Mr. Fayemi explained that with Kaduna leading in developing that resource corridor, the Federal government would partner with them to generate maximum value from the work going on.

He observed that over the years, oil has totally blinded Nigerians from looking in other directions for the country’s economic survival, saying the President has now insisted on the commitment and vision of diversifying the revenue base of the country from oil to the non oil sector.

Global Economy

Meanwhile, stakeholders in the economic sector have pledged to support the realisation of Kaduna State government’s vision of becoming a global economy.

The stakeholders gave the pledge at a two-day Kaduna State Economic and Investment Summit KADINVEST, which held in Kaduna, Northwest Nigeria.

KadInvestIn their separate remarks, the stakeholders commended the State governor, Nasiru El-Rufai for organizing the summit that brought investors from all walks of life to look into the various opportunities that abound in the state.

The British High Commissioner in Nigeria, Mr. Paul Arkwright commended the state government for the vision and the determination to deliver inclusive growth in the state through the state’s five-year development plan which is mainly on key projects aimed at having impact on the people.

Arkwright stated that the plan, if well implemented would serve as a model for development for other states to take a cue from as well as the country at large, adding that British government currently has 21 programmes in the State, more than any other state in the country.

“The United Kingdom will continue with its programmes and continue to support the state’s socio-economic development initiative to sustain the vision of the current government of Kaduna State,” he said.

The United States Deputy Economic Counsellor, Joel Kopp, said the States, through its agency for international development (USAID) has spent 600 million dollars on various programmes in the country.

He described Kaduna state as one that makes concerted efforts to address its economic challenges through a vision to move the state to greater heights by attracting investors.

“We will continue to partner and support Kaduna State in its goal of making the state an investment destination in the country,” Kopp stated.

In the same vein, the World Bank Country Representative, Rachid Benmassaoud, also described the vision as inspiring, adding that the bank would partner with the state to make the vision attainable.

The maiden economic investment summit was with the theme: “Moving Kaduna into the Global Economy”.